MLPA offers steady returns with low volatility and favorable tax treatment, avoiding K-1 tax reporting and issuing 1099s instead. The ETF is attractively priced, with a P/E ratio under 12 and a PEG ratio of 1.23x, suggesting strong valuation. MLPA's concentrated portfolio in midstream and pipeline firms pose risks but benefits from rising dividends and low historical volatility.
The Global X MLP ETF holds 20 midstream companies and offers a 7.4% yield, providing attractive income compared to the U.S. 10-year Treasury (4.13%). Energy MLPs focus on midstream pipeline and storage assets with fee-for-service contracts, offering less volatile and tax-advantaged income. The MLPA ETF does not issue a K-1 tax form, so investors are at least getting some tax-prep relief in return for the relatively stiff 0.45% expense fee.
MLPA has some relatively defensive characteristics compared to the broader Energy sector. The ETF offers exposure to midstream pipelines with strong momentum trends and a solid valuation today, even after a near 100% total return in the past three years. MLPA has a moderate size, A- ETF Grade, and potential for dividend increases as 2024 presses on.
Global X MLP ETF provides exposure to midstream energy infrastructure, which continues to grow independent of oil's trajectory. The MLPA ETF has a concentrated portfolio with 20 holdings, offering a high yield of 7.28%. MLPA diversifies across different energy verticals, allowing investors to tap into midstream growth while avoiding structural risks associated with upstream exploration and production.
Beacon Pointe Advisors LLC boosted its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA – Free Report) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,584 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Beacon Pointe Advisors LLC owned approximately 0.16% of Global X MLP ETF worth $2,197,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also made changes to their positions in MLPA. Eagle Strategies LLC increased its stake in Global X MLP ETF by 5.5% during the 3rd quarter. Eagle Strategies LLC now owns 5,321 shares of the company’s stock worth $237,000 after buying an additional 279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Global X MLP ETF by 1.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,300 shares of the company’s stock valued at $727,000 after purchasing an additional 300 shares in the last quarter. HighTower Advisors LLC boosted its stake in Global X MLP ETF by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 27,321 shares of the company’s stock worth $1,218,000 after purchasing an additional 300 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in Global X MLP ETF by 1.6% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 26,474 shares of the company’s stock worth $1,173,000 after purchasing an additional 410 shares during the last quarter. Finally, Simplex Trading LLC grew its holdings in shares of Global X MLP ETF by 81.5% during the fourth quarter. Simplex Trading LLC now owns 915 shares of the company’s stock worth $40,000 after buying an additional 411 shares in the last quarter. Global X MLP ETF Trading Up 0.3 % NYSEARCA:MLPA opened at $47.44 on Monday. The company has a market cap of $1.60 billion, a P/E ratio of 12.27 and a beta of 0.37. Global X MLP ETF has a twelve month low of $41.25 and a twelve month high of $49.25. The company’s 50-day moving average price is $47.74 and its 200-day moving average price is $46.11. Global X MLP ETF Profile (Free Report) The Global X MLP ETF (MLPA) is an exchange-traded fund that is based on the Solactive MLP Infrastructure index, a market-cap-weighted index of US-listed midstream MLPs, and is structured as a C-corporation. MLPA was launched on Apr 18, 2012 and is managed by Global X. Read More Five stocks we like better than Global X MLP ETF Are Penny Stocks a Good Fit for Your Portfolio? Canada Goose Flies Higher Driven By DTC Growth Insider Trading – What You Need to Know CVS Health Stock Has a Silver Lining Called Value What Are Dividend Achievers? An Introduction Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding MLPA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X MLP ETF (NYSEARCA:MLPA – Free Report).